The incident raised questions about how the risky position could have gone undetected by regulators, which include the Federal Reserve.
The deal, reflecting a somewhat tougher line taken by the Securities and Exchange Commission, will also require the bank to admit that its lax controls allowed traders in a unit in London to build the risky position and cover up their losses, DealBook writes.
The bank, the people said, also agreed to make a groundbreaking admission of wrongdoing, acknowledging that it should have caught the problem faster but instead had lax controls that allowed the traders to build the risky position and cover up their losses.
The settlement, which reflects a somewhat tougher line now being taken by the S.E.C. in seeking admissions from defendants, also will require the bank to admit that its lax controls allowed traders in a unit in London to build the risky position and cover up their losses.
Nonetheless, that risky position accords too much weight to disparate treatment and insufficient weight to the messier question of disparate impact.
Anything else would put the sociologist in the risky position of speaking from a higher plateau of knowledge than those engaged in producing the very knowledge whose success the sociologist is trying to understand.
At the same time, increasing reliance on the criminal justice system to enforce a principle of near universal disclosure of HIV-positive status, even when transmission is unlikely, presses HIV-positive people into an untenable double bind: they must place themselves into the risky position of heightening the possibility of rejection, stigmatization, and prosecution.
We had a wonderful relationship with this client, but I knew we were in a risky position.
"On Lamu, we have always known they were in a more risky position but we never thought an attack like this would happen," said hotel owner Muhidin Athman.
Schumer's in another risky position, too.
The girls are in the most risky position.
